Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) announced today that Daniel Ross will join the bank as Head of Investment Banking Coverage in the UK and Ireland.
Daniel will join from Barclays where he was Vice Chairman of UK Investment Banking and Global Head of Media. He will be based in London and report to Patrick Frowein and Berthold Fuerst, Co-heads of Investment Banking Coverage and Advisory in EMEA.
Frowein said: “This is an important hire into our European business and shows our strong commitment to our UK investment banking business where we have a long-established corporate finance franchise with exceptional sectoral expertise.”
Fuerst said: “We have ambitious plans to strengthen further our UK business, and Daniel brings with him over 20 years’ experience in the industry, with an outstanding track record of advising clients and leading successful teams, and a broad network.”
Daniel’s appointment follows a range of hires by Deutsche Bank in its European investment banking business recently including multiple Managing Directors into the EMEA Healthcare and TMT teams as well as a build-out of its European equity research business where it has hired over 30 research analysts and strategists in the past 12 months.
Deutsche Bank finished the first quarter of 2021 in ninth position in UK investment banking, up from eleventh position last year. The bank advised on numerous transactions in 2020, with strong momentum into 2021, including acting as financial adviser and joint corporate broker on Unilever’s £120 billion unification of the Unilever Group; financial adviser to Caesars Entertainment on its £2.9bn acquisition of William Hill; financial adviser to Bally’s Corporation on its £2bn offer for Gamesys; joint global coordinator and joint corporate broker on the €2.75bn rights issue for IAG; and joint financial adviser and joint global coordinator of the €1.8bn recapitalisation of Tui Group.
For further information please contact:
Deutsche Bank AG
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 21 March 2021 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.